Capital Introduced

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A D - Loving Life (Querist)
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05 June 2009 Why is capital introduced in business added in assets?
(As done in PCC Module of Accounts Vol 1, Chapter 1, page No. 1.13)

Deepak Agrawal (Expert)
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06 June 2009 Capital added will be in liability side of the balnce sheet.

Entry passed:

Cash / Bank A/c... Dr
To Capital A/c

Deepak Goel (Expert)
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07 June 2009 Capital introduced in business cannot be added in Assets. This is a liability for business

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